IRON ORE DAILY: Seaborne prices rangebound, ports trading activity still robust

Seaborne iron ore prices were rangebound on Friday February 21 with market participants retreating to the sidelines, though trading activity at Chinese ports remained robust.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $92.25 per tonne, up $0.24 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $91.58 per tonne, up $0.24 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $93.16 per tonne, unchanged.
58% Fe fines high-premium, cfr Qingdao: $79.74 per tonne, up $0.66 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $105.90 per tonne, down $0.10 per tonne.
62% Fe fines, fot Qingdao: 673 yuan per wet metric tonne (implied 62% Fe China Port Price: $87.87 per dry tonne), up 8 yuan per wet metric tonne.
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.2700 per dry metric tonne unit, up $0.0100 per dry metric tonne unit.
Key drivers

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Published

Alex Theo

February 21, 2020

11:25 GMT

Singapore